California § 3124 - An association may purchase or otherwise acquire, hold, own, and exercise all rig
Full text of California Public Contract Code - PCC § 3124 — An association may purchase or otherwise acquire, hold, own, and exercise all rig, with citation guidance and answers to common questions.
§ 3124. An association may purchase or otherwise acquire, hold, own, and exercise all rig
An association may purchase or otherwise acquire, hold, own, and exercise all rights of ownership in, sell, transfer, pledge, or guarantee the payment of dividends or interest on, or the retirement or redemption of, shares of the capital stock or bonds of any corporation or association which is engaged in the production of gas or any related activity.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 3124
What does Public Contract Code - PCC § 3124 cover?
Section 3124 ("An association may purchase or otherwise acquire, hold, own, and exercise all rig") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 3124?
A common citation format is "Public Contract Code - PCC § 3124" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 3124 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.